U.S. Banking Deregulation, Small Businesses, and Interstate Insurance of Personal Income

We estimate the effects of deregulation of U.S. banking restrictions on interstate personal income insurance for the period 1970 to 2001. Interstate income insurance occurs when personal income reacts less than one‐to‐one to state‐specific output shocks. We find that insurance improved after banking deregulation, with a larger effect in states where small businesses are more important and on proprietors' income than on other components of personal income. Our explanation centers on the role of banks as a prime source of small business finance and on the close intertwining of the personal and business finances of small business owners.     

Family variables,nutrient intakes and perceived health among Malawian women

This study emphasises the inter-relationships among family variables, nutrient intake and perceived health status among Malawian women. The sample consists of rural women residing in Zomba, Malawi, southern Africa. Data were collected from April to June 1993 on (1) family cohesion and adaptability, assessed by a modified version of Olson's FACES 11; (2) dietary intake using a modified food frequency questionnaire; and (3) a 24-item questionnaire on perceived health status, barriers to health and desired methods of communicating nutrition information in the village. The results indicated that Malawian rural women perceived their families as highly cohesive and adaptable. Diseases frequently identified as common in the family were not perceived as related to nutrition. Income significantly correlated with dietary adequacy. The study suggests that efforts to promote health and nutritional status should be directed at disease prevention and its ecological relationship with nutrition. Strategies for communicating nutrition information in rural Malawi are provided.     

Desegregation and Integration as Linked or Distinct? Evidence from a Previously ‘White’ Suburb in Post‐apartheid Cape Town

This article analyses whether the physical desegregation of a residential neighbourhood ultimately facilitates the social integration of its residents. Desegregation is measured quantitatively (i.e. using census data for a suburb in which no single race comprises more than 50% and at least one other racial group comprises 25%), and social integration is assessed qualitatively using indicators such as friendship, common local identity, sharing local facilities and involvement in local institutions. Essentially this research is concerned with whether labelling a suburb ‘desegregated’ is a superficial term that whilst implying racial mixing actually masks social segregation; and also whether assumptions that urban policies of desegregation ultimately facilitate social integration are accurate. This desegregation/integration nexus is explored by examining the lives of residents of a desegregated Cape Town neighbourhood. South Africa provides a timely context because the legacy of apartheid’s spatial and social design continues to dominate the urban scene despite policy efforts to promote both desegregation and integration.     

CAN HOUSEHOLDS AND WELFARE STATES MITIGATE RISING EARNINGS INSTABILITY?

We compare the evolution of earnings instability in Germany and the United Kingdom, two countries which stand for different types of welfare states. Deploying data from the German Socio‐Economic Panel (SOEP) and the British Household Panel Survey (BHPS), we estimate permanent and transitory variances of male income over the period 1984–2009 and 1991–2006, respectively. Studies in this literature generally use individual labor earnings. To uncover the role of welfare state and households in smoothening earnings shocks, we compute different income concepts ranging from gross earnings to net equivalent household income. We find evidence that the overall inequality of earnings in Germany and the United Kingdom has been rising throughout the period due to both higher permanent earnings inequality and higher earnings volatility. However, taking institutions of the welfare state and risk‐sharing households into account, we find that the volatility of net household income has remained fairly stable. Furthermore, redistribution and risk insurance provided by the welfare state is more pronounced in Germany than in the United Kingdom.     

Financing of College Education by Minority and White Families

Characteristics of students, their families, and their college enrollment were compared for Native Americans, Asians, blacks, Hispanics, and whites, using data from the 1987 National Postsecondary Student Aid Study. Analysis of the factors explaining the differences in parental contributions accounted for 21 percent of the variance and showed minority or white status to be a significant predictor after controlling for differences in schools, family types, financial aid, and student contribution to their expenses.     

Price and Investment Dynamics: Theory and Plant-Level Data

We construct a model of a firm competing for market share in a customer market and making investments in physical capital. The firm is financially constrained and there are implementation lags in investment. Our model predicts that product prices should depend on costs and competitors' prices but respond weakly to demand shocks. Also, prices should be strongly related to investment. We estimate price and investment equations on panel data for Swedish manufacturing plants and find results that are qualitatively in line with these predictions, though the relation between investment and prices is stronger than predicted by our model.     

The father role: father-child interaction in work on the farm

This study examines the relationship between the perceived success of farm men in the father role and (i) frequency of work with their children and (ii) perceived conflicts over work. Data were collected by mail survey from 124 men employed in farm work. This study concludes that fathers who think themselves successful in the father role are likely to have less conflict with their children about work. The age, education and income of the father do not contribute significantly to father-child conflict about work.